Portland real estate statistics for July don’t look as good as the June numbers. The first time home buyer tax credit deadline has definitely skewed the numbers. Many people buying a home in Portland Oregon bought in April (instead of July) to take advantage of the tax credit. It will take a few more months [...]
Where’s the bottom of the Portland real estate market? Are home prices going to continue to fall or are they stabilizing? These are great questions. Determining answers is tricky. We’ll only know the bottom of the market when we see it in the rear view mirror. But there are definite signs of stabilization. To compare [...]
The latest statistics from Portland’s MLS are out. The market looks better. But part of the reason is the effect of the first time home buyer tax credit. If you remember, buyers needed to have their first home under contract by April 30, 2010. That’s a Pending Sale. The transaction needs to close by June [...]
There are many signs that the Portland real estate market is slowly coming back. When we compare the numbers for April 2010 with the previous April, all indicators are up considerably. April 2010 compared with April 2009 April 2010 had closed sales up 49.1% over April 2009. In addition, pending sales were up a huge [...]
Great news for Portland. Home owners in the Portland Metro area are in good shape compared with most of the country. We have low interest rates on our mortgages and low foreclosure and delinquency rates. This is according to a study by Forbes.com which names Portland in the top ten cities in the country that [...]
Compared with March 2009, the Portland housing market is definitely improving–but slowly. There has been a significant increase in pending sales, closed sales and new listings. The number of months of inventory (which determines buyer or seller market) is down to 7.8 months–a much more normal number for our market. See the chart at the [...]
Here are the February real estate market statistics from RMLS. It’s helpful info if you are buying a home in Portland or thinking of selling your home. The February stats aren’t great. But the number of new listings, pending sales and closed sales are all better than in February 2009. So the market is moving [...]
Right now, as the Portland real estate market continues to stabilize, there are unique opportunities for home buyers and home sellers. It you’re trying to time your purchase for the bottom of the market, now is the time. And see below why you might want to time your sale for the bottom of the market [...]
Buyers take notice. It’s time to act. Prices are down, interest rates are down, and many analysts feel we are near or at the bottom of the market. The good points: Prices in October still moved downward. This month’s figures show a lower average sold price (2.3% lower) than September’s figures. Yet the median price [...]
Avoid the crowds. If you’re looking to buy in our “reduced price” home market, these next couple of months are perfect for three reasons. 1. Those first time home buyers going for the $8000 tax credit are mostly in escrow by now so they can close by the Dec 1 deadline for the credit. 2. [...]
